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Higher trades in markets. Banks move up.

Markets have opened in the green, after yesterday’s disastrous fall. Banking and Oil stocks have helped the indices flare a bit from yesterday’s lows.

The Sensex is up 197 points or 1% at 17,643. Nifty has gained 59 points to 5,340.

BSE consumer durables index has gained 2% to 6,452. Realty, Bankex and power indices have move dup half a per cent each in morning deals.

A pull back in the banking stocks have helped the markets this morning. Reliance Industries, Reliance ADAG, ICICI Bank and ONGC have advanced in opening trades.

Hindalco has gained 2.2% to Rs 143, followed by heavyweight – ICICI Bank. BHEL, Tata Motors, Tata Steel and Hero MotoCorp have advanced around 2% each. AMong other gainers are DLF, Reliance and SBI. However, TCS has slipped nearly a per cent this morning and is trading at Rs 1,241.
Jaiprakash Associates has jumped 2.5% to Rs 72.

Gitanjali Gems has soared 3% to Rs 409.


 

 

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